Former Goodfellow's Bar & Grill Bankruptcy Auction
Retail | 3,278 SqFt
Marketing description
By Order of U.S. Bankruptcy Court – Case No. 22-21965-jra
ONLINE AUCTION
100% LLC INTEREST IN TWO ENTITIES!
DAPAN INVESTMENTS LLC & DAPAN ENTERTAINMENT INC.
OWNERS OF FORMER GOODFELLOW’S BAR & GRILL &
LIQUOR LICENSE No. RR4531888
11200 W 129TH AVE
CEDAR LAKE, IN 46303
OPEN SHOWINGS- JUNE 25TH 11AM-3PM CENTRAL AND JULY 15TH 11AM-3PM CENTRAL
BID DEADLINE: TUESDAY, JULY 28, 2026
Gallivan Auction & Appraisers, on behalf of Christopher R. Schmidgall, Chapter 7 Trustee, invites sealed bids for the purchase of 100% membership interest in Dapan Investments LLC. LLC's primary asset is the commercial real property at 11200 W 129th Ave, Cedar Lake, Indiana — formerly home to Goodfella's Bar & Grill, a long-established Cedar Lake landmark. The successful bidder acquires 100% of the LLC and, through it, ownership of the underlying real estate.
ALSO INCLUDED IN THE SALE IS 100% INTEREST IN DAPAN ENTERTAINMENT INC. DAPAN ENTERTAINMENT HOLDS THE LIQUOR LICENSE #RR4531888. RIGHTS TO THE LICENSE, CURRENTLY IN ESCROW, IS INCLUDED IN THE PURCHASE, SUBJECT TO INDIANA LAW.
This is a rare opportunity to acquire a commercially zoned, 2-acre improved property in Cedar Lake's growing commercial corridor along US 41. The site features a 3,278 SF brick building with a terraced patio, drive-up window, cold storage, and an 18,200 SF paved parking lot. Commercial zoning and existing infrastructure support a wide range of owner-user and investor applications.
Investment highlights
- Direct frontage on US Route 41 (W 129th Ave) - primary commercial artery
- US 41 Corridor - High-traffic commercial artery with strong visibility and access
- Cedar Lake Commercial Growth - Active development along the US 41 corridor
- NW Indiana / Chicago Metro Labor Pool - Deep workforce base within commuting distance
- Flexible Commercial Zoning - Broad permitted uses including food service, retail, office, medical, and more
- Established Infrastructure - Terraced patio, drive-up window, ample parking, cold storage
- ~40 miles southeast of Chicago Loop
- ~15 miles northwest of Hammond / Gary, IN
- ~10 miles south of Merrillville, IN - major retail hub
- ~12 miles south of Lake County Seat (Crown Point)
- 3,278 SF Brick, 1-story building
- Terraced Patio: 3,073 SF (added 2012)
- Canopies: 540 SF commercial
- Paved Parking: ~18,200 SF asphalt lot
- Utilities: Sewer, Gas, Electric | Public road access | No flood hazard
- Former Use: Bar & Grill (previously a bank)
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